RealNetworks rallies on news of Sun distribution deal

MichaelBaron

NEW YORK (CBS.MW) -- RealNetworks'
RNWK, +0.00%
shares gained more than 3 percent after the company secured a distribution agreement with Sun Microsystems
SUNW, +2.90%
The deal grants Sun the right to distribute RealNetworks' Real Player media software product. Financial terms weren't disclosed. Sun shares slipped more than 2 percent after the company announced co-founder Bill Joy plans to leave the chief scientist position to pursue other opportunities.

Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.

Intraday Data provided by SIX Financial Information and subject to terms of use. Historical and current end-of-day data provided by SIX Financial Information. All quotes are in local exchange time. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements.